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3 Reasons Why Starbucks Will Accept Ripple (XRP) in 2018

Published 1 year ago

3 Reasons Why Starbucks Will Accept Ripple (XRP) in 2018

Oracle Times via

Ripple (XRP)–Last year we made the claim that Amazon would adopt Ripple ahead of other cryptocurrencies. Here are three reasons why Starbucks, a company serving coffee in over 75 countries and territories, could be accepting Ripple for payments by the end of the year..

While the parent company Ripple has yet to position the coin as a person to person digital tender, the utility of XRP in transactions lends itself well to this use-case: Negligible transaction fees. At the very least, as Ripple continues to grow and XRP finds its way into the hands of more investors, it increases the incentive for companies like Starbucks to tap into the cryptocurrency consumer base..

Looking at LitePay as the model, this version of RipplePay would be a consumer and producer focused platform that gives crypto and Ripple enthusiasts an easy, intuitive and universal method for paying with XRP. Starbucks, the company, isn’t going to invest millions of dollars in technology and training for their 27,000+ stores around the world just to start accepting a volatile currency like crypto, but an already established, easy to implement processor like RipplePay is a different story..

Unlike other cryptocurrencies, Ripple has the parameters required for widespread use already built into XRP–it just requires a savvy entrepreneur or team of developers to build upon that potential. Ripple has set its target sight on banks and the greater financial industry, but that opens the door for others to start building a model for greater XRP use, particularly one suited for consumer-merchant payments..

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